Steel Strips Wheels Ltd (SSWL), today morning announced that it has received new orders.

This is for truck and caravan trailer market in USA.The order comprises of almost 16,000 steering wheels.

The order is to be executed by August and will happen from its Chennai plant.

The revenue generated would be to the tune of 178k Euros.

The company, which always makes forward looking estimations, said that with these repetitive orders & projections from the customers, SSWL hopes to achieve 25% (YoY) growth in FY21 in the export segment.

The stock rose over 4% to Rs.455 post this announcement but is now hovering around Rs.447 levels. Its 52-week high is at Rs.798 while the 20% UC of the day stands at Rs.525.60.